Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

Transworld Business Brokers

Tremendous Value Fifty Seven Year Italian Restaurant For Sale

Connecticut, US
Asking Price:
$399,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,174,777 (USD)
Cash Flow:
$291,513 (USD)

Great value and opportunity for a 57-year-old Italian Restaurant! Priced for a quick sale. Listed price is less than 1.4x SDE. A long-term lease that goes for another 15 years is in place at a current rent of $6000, with real estate taxes and common charges it's 7366 per month. The 2000 square foot restaurant fits 90 people. The restaurant serves wine and beer that account for 15% of the total sales. It’s food consists of gourmet pizza, pasta, wrap sandwiches, Italian, seafood, chicken, and baked dishes. The place has a clean and bright look as the owner spent $150,000 in renovations three years ago. Owner is motivated to sell as he has another business to go into. Financial information on the listing is for 2020 calendar year.

Business Operation

Reasons for selling:

other interests

Employees:
20

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Financing Interest 3%
Owner Financing Terms Months 24
Owner Financing Monthly Payment $8,540.42

Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

Listed by

Transworld Business Brokers

Contact Transworld Business Brokers

  1. This email address is already registered. Log in to continue.
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to Transworld Business Brokers. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business